Yahoo has scheduled a press event for Monday at which time it is expected to announce the deal as well as an update to social picture sharing site Flickr. We will be updating this story throughout the day as new information comes in.

I hope Marissa has more up her sleeve than just purchasing Tumblr. I think it's going to take a lot more than pictures of what some acquaintances ate for breakfast, softcore/some-hardcore porn gifs, and daily affirmation comics (oh and the cats, must never forget all the cats) if she wants to make Yahoo hip & relevant again.

Was it ever really hip? Maybe back in the days when MapQuest meant something and they had Yahoo Chat, but that one devolved rather quickly into adolescent boys and middle aged men from whichever-country-you-are-in-they're-not-from-it asking a perpetual barrage of "a/s/l" & "cam?" (oh, and the bots, must never forget all the bots).

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